On July 13, Riot Platforms declined 5.06% in regular trading, trading at $19.89/share, with turnover of approximately $87.06 million. The stock has faced sustained selling pressure amid a broader downturn in crypto-related equities.

On the news front, on-chain data revealed that Riot Platforms has repeatedly deposited 500 BTC batches into NYDIG Custody in suspected sale transactions throughout late June and early July. The transfers included 500 BTC (approximately $29.48 million) on June 30, another 500 BTC (approximately $30.72 million) on July 3, and a further 500 BTC (approximately $30.90 million) on July 6, totaling roughly 1,500 BTC in disposals over a two-week span. This pattern of consistent liquidation has raised concerns about the company's treasury strategy.

Additionally, the broader crypto sector has remained under pressure, with major names including Coinbase, Strategy, and MARA Holdings all posting notable pre-market declines on July 8. Despite Citi raising its price target on Riot to $28 on July 9, selling momentum has continued to dominate sentiment around the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)